Press release
Top 5 Trends in Global Electrical Insulation Coatings Market | Elantas GmbH, PPG Industries, 3M Company, AkzoNobel N.V.
• Electrical insulation coatings market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
• Major electrical insulation coatings industry trends, technology evolution, economic indicators and business challenges.
• Regulatory and geopolitical trends impacting the industry.
• Business drivers and pitfalls impacting key regional markets.
• Competitive landscape of the industry and detailed profiles on the major companies.
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Surging demand for electricity to furnish the upcoming capacity expansion projects in tandem with rising investment in power generation projects is expected to fuel the overall electrical insulation coatings market dynamics over 2020-2026. Moreover, positive growth of global distribution and transmission market is also propelling electrical insulation coatings industry trends.
These coatings are fundamentally designed to offer high dielectric strength to different electrical applications and are claimed to be of utmost importance in various electrical equipment like electric motors, transformers, and also in some of the machineries and automotive parts.
The powder segment is poised to emerge as one of the lucrative business verticals for the electrical insulation coatings market owing to the widespread prominence of epoxy powder coating. These are effectively used as a high dielectric insulator on aluminum or copper conductors. Given its durability, epoxy powder coating contradicts the concerns related to high voltage spikes in cable insulations. Additionally, the advancements in powder chemistries have expanded the use of powdered coatings across the electrical domain, eventually supporting the global electrical insulation coatings market expansion.
Of umpteen raw materials being used as raw material for electrical insulation coatings, ceramics have been deemed to be better given their provision of higher corrosion and wear resistance and also long-term durability, thereby accentuating the efficiency of the electrical insulation in cables and other electrical applications.
Electrical insulation coatings are also playing a pivotal role in various medical equipment and devices. Several surgeries today are being performed via the use of PTFE coated equipment that offer robust electrical insulation, non-stick, and other superior performance properties. These coatings are also commonly used in imaging and medical labs, electrosurgical blades, forceps, and multiple other medical components.
North America is touted to acquire a considerable stake in the overall electrical insulation coatings industry share perhaps due to the penetrating electronics industry in the region. Besides, the region has also been recognized as one of automotive manufacturing hubs in the world. Some of the other fundamental factors likely to drive the growth of electrical insulation coatings industry across North America, in the upcoming years are the rising urbanization and growing investments in realization of vivid power generation projects.
Some of the major companies operating the business space are:
• Evonik Industries AG
• 3M Company
• PPG Industries
• GfE Group
• GLS Coatings Ltd.
• SK Formulations India PVT. LTD
• ELANTAS GmbH
• Others
Related News:
https://www.marketwatch.com/press-release/propylene-oxide-market-to-foresee-phenomenal-gains-from-fb-industry-from-2020-to-2026-2020-08-05
https://www.marketwatch.com/press-release/ethylbenzene-market-to-accrue-substantial-proceeds-from-2020-to-2026-2020-08-05
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